Cheap Apartments for Rent in Henrico, NC from $500 (49 Rentals)

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Search the lowest-cost Apartments available for rent right now in Henrico.

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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Woodmere Apartments
$1,008 - $3,099
Total Monthly Price14 Month Lease Term

Total Monthly Price

Base Rent
$1,001 - $3,092
Required Monthly Fees
$7
Total Monthly Price
$1,008 - $3,099
1 to 3 Bedroom Apartments Available Now

Woodmere Apartments

1 Woodmere DrPetersburg, VA 23805
Pet Friendly
  • Verified
  • Utilities Included
  • 3D Tour
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Petersburg ArtistSpace Lofts
Rent Specials
$1,011 - $2,118
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$891 - $1,998
Required Monthly Fees
$120
Total Monthly Price
$1,011 - $2,118
Studio to 2 Bedroom Apartments Available Now

Petersburg ArtistSpace Lofts

120 Perry StPetersburg, VA 23803
Eco-Friendly
  • Verified
  • Customer Reviewed
  • Low Income

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

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Addison Crater Woods
$1,137 - $1,977
Total Monthly Price

Total Monthly Price

Base Rent
$1,129 - $1,969
Required Monthly Fees
Varies
Total Monthly Price
Varies
1 to 3 Bedroom Apartments Available Now

Addison Crater Woods

200 Addison WayPetersburg, VA 23805
Corporate Housing
  • Verified
  • Customer Reviewed
  • 3D Tour

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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Ravenwood Crossing
1 to 3 Bedroom Apartments

Ravenwood Crossing

640 Ravenwood DrRocky Mount, NC 27803
  • Utilities Included

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

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Burr Lofts
1 Bedroom Apartments

Burr Lofts

123 Pine StPetersburg, VA 23803
Corporate Housing
property at 120 S Broad St

$900

Total Monthly Price

Total Monthly Price

Base Rent
$900
Total Monthly Price
$900

1 Bedroom, 1 Bath Condo for Rent

Available Jul 5

120 S Broad St

KenbridgeVA23944
property at 803 N Mecklenburg Ave

$925

Total Monthly Price

Total Monthly Price

Base Rent
$925
Total Monthly Price
$925

1 Bedroom, 1 Bath Home for Rent

Available Now

803 N Mecklenburg Ave

South HillVA23970

The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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Warrenton Village
2 Bedroom Apartments

Warrenton Village

118 Warrenton Village DrWarrenton, NC 27589
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Tiffany Square
1 to 3 Bedroom Apartments

Tiffany Square

774 Tiffany BlvdRocky Mount, NC 27804
Corporate Housing
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Dawson
1 to 3 Bedroom Apartments

Dawson

13 Jeffries CvRocky Mount, NC 27804
Corporate Housing
Showing Results 1-49, Page 1 of 1

Henrico, NC Local Guide

Cheapest Available Henrico Apartments for Rent and Nearby

 

The cheapest available apartment rental in Henrico, NC is a 2 Beds unit found at Five Points Crossing priced from $565. Ravenwood Crossing has the second lowest priced unit, which is a 3 Beds apartment currently listed from $626. Here is today’s list of the most affordable Henrico apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Five Points CrossingTwo Bedroom2BR,1BA$565
Ravenwood Crossing3 Bedroom3BR,2BA$626
Caswell at The Mills2 BED/1 BATH2BR,1BA$695
Cavalier Apartments II1 Bed, 1 bath1BR,1BA$731
Summit Pointe Apartments2x1-Small - 2 Bedroom 1 Bath2BR,1BA$799
Stateside Landing2 bedroom 50%2BR,1BA$803
Viva Colina2BD2BR,1BA$895
Woods at Benvenue1 Bedroom1BR,1BA$925
Mill Creek, Mill Pond & Park Ave ApartmentsMill Creek 1 Bed1BR,1BA$950
Woodmere ApartmentsThe Ash1BR,1BA$1,008

Best Value Apartments for Rent in Henrico, NC and Nearby

As of May 25, 2026 the best value apartment in the Henrico area is the $1.28 price per square foot Zephyr Model at The Collection Kinsley in the in the Hunters Crossing neighborhood starting from $1,840. The second greatest value Henrico apartment is the 1/1s Model at The Inn and Suite Apartments starting at $1,050 with a $0.84 price per square foot . Here is today’s list of the best values for Henrico apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
The Collection KinsleyZephyr3BR,2.5BA$1.28
The Inn and Suite Apartments1/1s1BR,1BA$0.84
Ravenwood Crossing3 Bedroom3BR,2BA$0.55
Cavalier Apartments II3 Beds, 2 baths3BR,2BA$1.17
Cavalier Senior Apartments2 Beds, 2 baths2BR,2BA$1.19
Mill Creek, Mill Pond & Park Ave ApartmentsPark Ave 2 Bed2BR,1BA$1.28
Five Points CrossingTwo Bedroom2BR,1BA$0.62
Stateside Landing2 bedroom 50%2BR,1BA$0.89
Petersburg ArtistSpace Lofts1 Bedroom1BR,1BA$1.19
Caswell at The Mills2 BED/1 BATH2BR,1BA$0.92

Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

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Frequently Asked Questions about Cheap Henrico Apartments

How much is rent for a Cheap One Bedroom Henrico Apartment?

The lowest price for a Cheap One Bedroom Henrico Apartment is $731 at Cavalier Apartments II.

What is the lowest price for a Cheap Two Bedroom Henrico Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Henrico is starting from $565 at Five Points Crossing.

What is the most affordable Henrico Three Bedroom Apartment?

The best deal on a cheap Henrico Three Bedroom Apartment rental is at Ravenwood Crossing and starts from $626.

Expert Rental Resources

The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.

Articles, How-To's, and Tips

decorative image for A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back article

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

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Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.